Market Overview
Home Prices in Miller Place, NY
The median home value in Miller Place, NY is $735,912 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.5% compared to a year ago and up 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Miller Place are priced79% above average. Miller Place is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Miller Place home values have risen by approximately34.7%, reflecting strong long-term appreciation in this market.
Price History
Miller Place Home Price Trend
City Comparison
Miller Place vs. National Median
At $735,912, homes in Miller Place cost 79% above the national median of $410,000. Buyers in Miller Place should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Miller Place?
20% Down Payment
$147,182
on $735,912
Monthly P&I
$3,838/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,874/mo
incl. taxes & insurance
Income Needed
$194,960
gross annual (30% rule)
10% Down Option
$73,591
+ PMI applies
Loan Amount (20% dn)
$588,730
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Miller Place, NY?
The median home value in Miller Place is $735,912 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.5% year-over-year.
How much have home prices changed in Miller Place?
Over the past year, home values in Miller Place have increased by 5.5%. Over five years, prices have risen approximately 34.7%.
How much do I need to earn to buy a home in Miller Place?
To comfortably afford the median home price of $735,912 with a 20% down payment ($147,182) at today's rates (6.8%), you'd need a gross annual income of approximately $194,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Miller Place compare to the national average home price?
The national median home value is approximately $410,000. At $735,912, homes in Miller Place are 79% above the national average.
What metro area is Miller Place part of?
Miller Place is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.